Reuters
14 May 2008
SINGAPORE, May 14 (Reuters) - Singapore Airlines (SIAL.SI: Quote, Profile, Research), on Wednesday invited offers for its 49 percent stake in Richard Branson's trans-Atlantic airline Virgin Atlantic [VA.UL] because the nine-year old investment was giving it poor returns.
Singapore Air, the world's second-biggest airline by market value, bought the stake from British billionaire Branson in 1999 for 800 million pounds ($1.6 billion).
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